Vodafone, Globacom sign partnership agreement

06 Nov 2015
Chibuike Oguh


Under the partnership, Globacom becomes Vodafone's exclusive partner in Nigeria and Republic of Benin.

Dr. Mike Adenuga, Chairman, Globacom Limited

Vodafone Group, the British telecoms giant, announced today it has signed a non-equity partnership agreement with Nigeria’s indigenous telecoms company, Globacom.

The partnership agreement entails Vodafone’s partner markets framework whereby a range of Vodafone’s products and services are marketed in a local operator’s market. This agreement will cover Globacom’s operations in Nigeria and the Republic of Benin.

Under the partnership, Globacom becomes Vodafone's exclusive partner in Nigeria and Republic of Benin. The two companies will work together to offer their customers a range of products and services, including 4G roaming services.

Multinational customers of Vodafone Group will benefit from the addition of Nigeria to their existing contracts for international managed services. In addition, Globacom will benefit from Vodafone's expertise in building and developing 4G mobile broadband networks while working with leading global equipment providers.

“We are delighted to welcome Globacom to the Vodafone partner markets community which now spans 57 countries across six continents. This strategic partnership with Globacom for Nigeria and the Republic of Benin will help deliver enhanced roaming benefits for Globacom's consumers and multinational corporate customers, including countries where we have an ultra-fast 4G network,” Stefano Gastaut, Vodafone’s markets chief executive, said in a statement on Vodafone’s website  today.

Globacom’s executive director for special projects, Mike Jituboh, said, "This partnership is unique and far-reaching, giving corporate and individual subscribers on the Globacom network in Nigeria and the Republic of Benin an edge, particularly in voice and data services,”

“The partnership is in line with Globacom's tradition of partnering with global leaders to avail consumers of the best telecommunications services,” Jituboh added.  

Vodafone’s African operations include a 65 percent stake in South Africa-based Vodacom Group, whose enterprise-focused subsidiary – Vodacom Business Africa – has operations in 14 African countries, including Nigeria. Vodafone’s other African ventures include a 40 percent stake in Nairobi-based Safaricom and Vodafone-branded businesses in Egypt and Ghana.

Globacom is the second largest telecoms company in Nigeria after MTN Nigeria, with about 31.3 million subscribers, according to the latest data from the Nigerian Communications Commission.

Chibuike Oguh is Financial Nigeria's Frontier Markets Analyst

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